Uxin (NASDAQ:UXIN) Shares Gap Up – Still a Buy?

Uxin Limited (NASDAQ:UXINGet Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $4.00, but opened at $4.11. Uxin shares last traded at $4.06, with a volume of 591 shares.

Uxin Price Performance

The company has a market cap of $771.92 million, a price-to-earnings ratio of -0.20 and a beta of 1.20. The business’s fifty day moving average price is $4.39 and its 200 day moving average price is $4.27.

Hedge Funds Weigh In On Uxin

A hedge fund recently bought a new stake in Uxin stock. Advisors Preferred LLC bought a new stake in Uxin Limited (NASDAQ:UXINFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,748 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 22.41% of the company’s stock.

About Uxin

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Uxin Limited, an investment holding company, engages in the retail sale of vehicles in China. The company operates an e-commerce platform for buying and selling used cars. It also offers used-car acquisition, inspection, reconditioning, warehousing, pre-sales and after-sales, and various car-related value-added products and services, as well as warranty and repair, delivery, and title transfers and vehicle registration services.

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